IFC mulls $40mln commitment to Actis’s latest real estate fund

In a Summary of Investment Information, (SII), posted on their website, the IFC states it is considering a $40 million commitment to private equity fund manager Actis’s Africa Real Estate Fund 3, (AREF3), a projected $400 million, 8-year closed-end private equity fund which will target investments in real estate companies and projects in sub-Saharan Africa.